MINING & RETAIL

Mphoko to be paid for 51% of Choppies

FORMER Vice-President Phelekezela Mphoko and his son, Siqokoqela, have exited Choppies Supermarkets after offering to be bought out of the company to end a protracted ownership wrangle. The Mphokos' l...

By Staff reporter | Published: 19 January 2019

POLITICS

Mnangagwa's soldiers in Boko Haram-style invasions

AT a private hospital in Harare on Wednesday, a mother lay between her two children, all writhing in pain from injuries sustained when masked soldiers attacked their home Boko Haram-style.After firing...

By Staff reporter | Published: 19 January 2019

INDUSTRIALS & ENERGY

Art Corporation looks beyond borders

ART Corporation is looking to allocate US$3 million for capital expenditure this year as it aims to manufacture 50 000 batteries whilst strengthening its export position in the regional market.In full...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Zimbabwe looking at introducing local crude oil refinery

Zimbabwe should seriously consider establishing a local crude oil refinery as a way of cutting the ballooning fuel bill, according to the Zimbabwe Energy Regulatory Authority (Zera).Zimbabwe's fuel co...

By Staff reporter | Published: 23 December 2018

BUSINESS NEWS

Callisto Jokonya to lead Zimra Board

The Minister of Finance and Economic Development has announced a new 6-member ZIMRA board in terms of Section 5 of the Revenue Authority [Chapter 23:11] with effect from 19 December 2018.In a statemen...

By Staff reporter | Published: 20 December 2018

POLITICS

Mutambara book launch set for Mutare

FORMER Deputy Prime Minister and academic Arthur Mutambara is set to launch the second of his three-volume thought leadership series, The Path to Power, in his home province of Manicaland tomorrow.The...

By Staff reporter | Published: 20 December 2018

INDUSTRIALS & ENERGY

Forex shortage: Innscor looks within

DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...

By Staff reporter | Published: 19 December 2018

SOCCER

Chiyangwa looked crestfallen

PHILIP Chiyangwa was left a dejected man after a surprise 35-24 defeat to challenger Felton Kamambo, the man he tried so hard to prevent from contesting in the Zifa elections which were held in Harare...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Mphoko shares not real: Choppies

BOTSWANA-based supermarket, Choppies, has threatened to revoke shares it gave to former Vice-President Phelekezela Mphoko and his son, Siqokoqela, as part of a scam to allow the retailer to comply wit...

By Staff reporter | Published: 11 December 2018

TRANSPORT & TOURISM

Bulawayo hotels, lodges fully booked

MAJOR hotels and lodges in Bulawayo are fully booked ahead of the Annual Zanu-PF National Peoples' Conference, which begins in Esigodini, Matabeleland South today. The five-day event is seen as a majo...

By Staff reporter | Published: 10 December 2018

POLITICS

Mphoko son's bail revoked

A BULAWAYO magistrate yesterday revoked bail conditions of former Vice-President Phelekezela Mphoko's son, Siqokoqela and sent him to remand prison, pending trial over fraud charges.Siqokoqela faces u...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

URL listing to depend on economy outlook, says Moyo

A PLANNED initial public offering of United Refineries Ltd (URL) will depend on the economic climate, CE Busisa Moyo says.URL this year moved to strengthen its balance sheet by inviting pension funds ...

By Staff reporter | Published: 07 December 2018

OPINION

Mnangagwa govt shouldn't make Mugabe look like a saint

The current fuel shortages being experienced in the country are a reminder to all and sundry that Zimbabwe is a long way off from stabilising its sickly economy.And the prevailing economic situation s...

By Staff reporter | Published: 03 December 2018

POLITICS

Mphoko in $94 million headache

FORMER vice-president Phelekezela Mphoko's Botswana-based business partners are demanding US$94 million for them to allow him to take over control of supermarket giant Choppies' local operations.Mphok...

By Staff reporter | Published: 02 December 2018

OPINION

Looking 'through' the MDC Alliance protest

After watching Thursday's MDC demonstration, I had a seminal tête-à-tête with a comrade in the academic struggle. We decided that we should focus on protests as political strategies, inquiring thei...

By Micheal Mhlanga | Published: 02 December 2018

MINING & RETAIL

Mphoko booted out of Choppies?

THE battle for the control of supermarket chain, Choppies Zimbabwe, pitting former vice-president Phelekezela Mphoko's family and its foreign business partners has taken a nasty turn after the Botswan...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Power generation to improve

WORK on the much anticipated $5,2 billion Batoka Gorge Hydro Electricity project will soon commence after President Mnangagwa met officials from the main contractors, General Electric and Power China ...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Ex-NetOne boss off the hook

Former NetOne chief executive Reward Kangai, who is facing 21 counts of criminal abuse of office, was yesterday removed from remand after the State failed to furnish him with a trial date. Kangai's de...

By Staff reporter | Published: 22 November 2018

POLITICS

+50% struck off Mutoko North voters' roll

THE biometric voters' roll (BVR) for Mutoko North by-election has exposed serious irregularities by the Zimbabwe Electoral Commission (Zec) in the contested 2013 general elections which former Preside...

By Staff reporter | Published: 21 November 2018

INDUSTRIALS & ENERGY

AfDB begins to secure $4bn for Batoka development

THE African Development Bank (AfDB) has begun implementation of a resource mobilisation plan to secure an estimated $4 billion for the development of the 2 400 megawatts Batoka Gorge Hydro Electricity...

By Staff reporter | Published: 27 September 2018

POLITICS

Zanu-PF looks to revive business empire

President Emmerson Mnangagwa's ruling Zanu-PF is looking to revive its fallen business empire, crippled by gross mismanagement and corruption.In an interview with the Daily News, the ruling party's ad...

By Staff reporter | Published: 21 September 2018

MINING & RETAIL

Boom in Mine Entra bookings reflects growing business confidence

This year's edition of the Mining, Engineering and Transport (Mine Entra) expo is already 93% booked, a sign of growing business confidence in the sector and strong international interest in doing bus...

By Staff reporter | Published: 21 September 2018

ZIMBABWE

Inflationary outlook to spur stocks rally

Inflationary pressures are seen pushing stock prices higher as investors rush to preserve value in the face of a weakening local currency and a widening trade deficit.Stockbrokers and investment analy...

By Staff reporter | Published: 14 September 2018

OPINION

Chamisa copies the Kenyan playbook

When Nelson Chamisa this week announced his intention to inaugurate himself as "People's President" of Zimbabwe, he was following in the footsteps of other African opposition leaders — specifically ...

By Simon Allison I M&G | Published: 13 September 2018

TRANSPORT & TOURISM

NRZ opens premier coaches to individual passenger bookings

THE National Railways of Zimbabwe (NRZ) has opened its premier class coaches to individual passenger bookings following demand for the service by travellers. Prior to this decision the premier class c...

By Staff reporter | Published: 10 September 2018
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